Quarterly report pursuant to Section 13 or 15(d)

CONDENSED BALANCE SHEETS (UNAUDITED)

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CONDENSED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash $ 714 $ 611
Accounts receivable, net 657 766
Inventory 6,526 6,563
Prepaid expenses and other 2,103 3,190
Total current assets 10,000 11,130
Property and equipment, net 516 575
Right of use assets 249 275
Intangibles, net 251 251
Other assets 452 505
Total assets 11,468 12,736
Current liabilities:    
Accounts payable 2,441 2,284
Accrued expenses 3,241 9,690
Operating lease liability - current 120 117
Debt, net of discounts 451 1,223
Total current liabilities 6,253 13,314
Operating lease liability - net of current portion 157 188
Deferred tax liability 11 11
Total liabilities 6,421 13,513
Commitments and contingencies (Note 9)
Stockholders' equity (deficit)    
Preferred stock, par value $0.0001; 10,000 shares authorized; 1 share issued as of March 31, 2023 and December 31, 2022; and no shares outstanding as of March 31, 2023 and December 31, 2022 0 0
Common stock, par value $0.0001; 790,000 shares authorized as of March 31, 2023 and December 31, 2022; 152,104 shares issued and outstanding as of March 31, 2023 and December 31, 2022 15 15
Additional paid-in capital 87,015 86,897
Accumulated deficit (81,983) (87,689)
Total stockholders' equity (deficit) 5,047 (777)
Total liabilities and stockholders' equity (deficit) $ 11,468 $ 12,736